Q2 2018 Earnings Estimate for 1-800 FLOWERS.COM, Inc. Issued By DA Davidson (FLWS)
1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) – Equities researchers at DA Davidson increased their Q2 2018 EPS estimates for 1-800 FLOWERS.COM in a research report issued to clients and investors on Wednesday. DA Davidson analyst L. Weiser now anticipates that the specialty retailer will post earnings per share of $0.88 for the quarter, up from their prior estimate of $0.87. DA Davidson currently has a “Neutral” rating and a $9.00 target price on the stock. DA Davidson also issued estimates for 1-800 FLOWERS.COM’s Q2 2019 earnings at $0.92 EPS and FY2019 earnings at $0.55 EPS.
1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.01. 1-800 FLOWERS.COM had a net margin of 3.93% and a return on equity of 11.13%. The business had revenue of $157.35 million for the quarter, compared to analyst estimates of $157.63 million. During the same quarter in the prior year, the business earned ($0.24) EPS. 1-800 FLOWERS.COM’s quarterly revenue was down 5.1% on a year-over-year basis.
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A number of other analysts also recently issued reports on the stock. Noble Financial restated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. Zacks Investment Research downgraded shares of 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Benchmark Co. restated a “buy” rating and set a $13.00 price objective on shares of 1-800 FLOWERS.COM in a report on Wednesday, August 23rd. FBR & Co started coverage on shares of 1-800 FLOWERS.COM in a report on Tuesday, July 11th. They set an “outperform” rating and a $13.00 price objective for the company. Finally, BidaskClub upgraded shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.17.
Several institutional investors and hedge funds have recently bought and sold shares of FLWS. Russell Investments Group Ltd. increased its stake in shares of 1-800 FLOWERS.COM by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 18,906 shares of the specialty retailer’s stock worth $192,000 after purchasing an additional 4,546 shares in the last quarter. Wells Fargo & Company MN grew its stake in 1-800 FLOWERS.COM by 1.9% during the first quarter. Wells Fargo & Company MN now owns 21,063 shares of the specialty retailer’s stock valued at $215,000 after acquiring an additional 400 shares in the last quarter. Karp Capital Management Corp purchased a new position in 1-800 FLOWERS.COM during the first quarter valued at approximately $130,000. JPMorgan Chase & Co. grew its stake in 1-800 FLOWERS.COM by 67.1% during the first quarter. JPMorgan Chase & Co. now owns 9,785 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 3,929 shares in the last quarter. Finally, American International Group Inc. grew its stake in 1-800 FLOWERS.COM by 7.1% during the first quarter. American International Group Inc. now owns 16,036 shares of the specialty retailer’s stock valued at $164,000 after acquiring an additional 1,066 shares in the last quarter. Hedge funds and other institutional investors own 33.84% of the company’s stock.
1-800 FLOWERS.COM declared that its Board of Directors has approved a stock repurchase plan on Wednesday, September 6th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the specialty retailer to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
About 1-800 FLOWERS.COM
1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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